When two goods have negative cross elasticities of demand and positive income elasticities, they are:
a. Normal and substitutes

Scarcity can be eliminated by

A) abolishing competition. B) abolishing capitalism. C) abolishing money. D) all of the above. E) none of the above.

Suppose that the exchange rate between Japanese yen and U.S. dollars is originally 130 yen to the dollar. If it then changes to 150 yen to the dollar, the price of U.S. goods to Japanese importers will: a. rise

b. fall. c. stay the same. d. change in an indeterminate direction.